My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 2016 07 18
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
2016
>
AG 2016 07 18
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/20/2016 11:45:58 AM
Creation date
11/27/2017 10:34:09 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/18/2016
Board
Board of Commissioners
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
172
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
the Closing or earlier termination of this Agreement. Buyer shall, at Buyer's expense, promptly repair any <br />damage to the Property caused by Buyer's entry and on -site inspections. Except as provided in Section 6(c) <br />above, Buyer shall have from the Contract Date through the end of the Examination Period to perform the <br />above inspections, examinations and testing. IF BUYER CHOOSES NOT TO PURCHASE THE <br />PROPERTY, FOR ANY REASON OR NO REASON, AND PROVIDES WRITTEN NOTICE TO <br />SELLER THEREOF PRIOR TO THE EXPIRATION OF THE EXANHNATION PERIOD, THEN <br />THIS AGREEMENT SHALL TERNHNATE. <br />(d) Seller's Due Authority Seller hereby represents and warrants that it has all necessary and valid <br />due authority to enter into this Agreement, to execute this Agreement and to convey the Property at Closing. <br />(e) Buyer's Due Authority Seller acknowledges and agrees that Buyer's obligations hereunder are <br />contingent upon its receipt of all necessary approvals from the Cabarrus County Board of Education and the <br />Cabarrus County Board of Commissioners. Buyer represents and warrants that it will make all reasonable and <br />customary efforts in order to obtain the foregoing approvals. <br />Section 7. Leases (Check one of the following, as applicable): <br />® If this box is checked, Seller affirmatively represents and warrants that there are no Leases (as <br />hereinafter defined) affecting the Property. <br />❑ If this box is checked, Seller discloses that there are one or more leases affecting the Property (oral <br />or written, recorded or not — "Leases ") and the following provisions are hereby made a part of this Agreement. <br />Section 8. Environmental: Seller represents and warrants that it has no actual knowledge of the presence or <br />disposal of hazardous or toxic waste or substances. Seller has no actual knowledge of any contamination of the <br />Property from such substances as may have been disposed of or stored on neighboring tracts. <br />Section 9. Risk of Loss /Damage /Repair: Until Closing, the risk of loss or damage to the Property, except as <br />otherwise provided herein, shall be borne by Seller. Except as to maintaining the Property in its same <br />condition, Seller shall have no responsibility for the repair of the Property, including any improvements, unless <br />the parties hereto agree in writing. <br />Section 10. Post Closing Possession. Buyer acknowledges and agrees that Seller shall be entitled to continue <br />to occupy and reside in the residential home located on the Property until January 31, 2017, provided that, at the <br />time of Closing, Seller enters into a Post Closing Possession Agreement with Buyer and provides evidence of <br />reasonably sufficient insurance. Furthermore, Seller shall be entitled to remove the existing house from the <br />Property, on or before January 31, 2017, at Seller's sole cost and expense and Buyer shall have no liability <br />whatsoever associated with the removal of the existing house from the Property. <br />Section 11. Closing: At Closing, Seller shall deliver to Buyer a special warranty deed and other documents <br />customarily executed or delivered by a seller in similar transactions, including without limitation, a bill of sale <br />for any personalty, an owner's affidavit, lien waiver forms and a non - foreign status affidavit (pursuant to the <br />Foreign Investment in Real Property Tax Act), and Buyer shall pay to Seller the Purchase Price. The Closing <br />shall be held at the office of Buyer's attorney or such other place as the parties hereto may mutually agree. <br />Possession shall be delivered at Closing, unless otherwise agreed herein. <br />Section 12. Notices: Unless otherwise provided herein, all notices and other communications which may be or <br />are required to be given or made by any party to the other in connection herewith shall be in writing and shall be <br />Page 4 of 8 <br />Buyer Initials Seller Initials <br />G -2 <br />Page 122 <br />
The URL can be used to link to this page
Your browser does not support the video tag.